Mortgage Rates Show Little Movement

by Michael Mahoney

As of February 8, 2024, mortgage rates have shown little movement, holding steady in the mid-six percent range for the past few weeks. The economy and job market continue to exhibit resilience, with wage increases surpassing inflation rates, thereby sustaining robust consumer spending. However, challenges persist in the housing sector, characterized by persistent high home prices, elevated mortgage rates, and limited inventory, particularly impacting first-time buyers and those with lower incomes.

You can see detailas on Freddie Mac's site here